Research

The role that parents and carers play in talking to their children about money is key. If you’re involved in delivering or designing financial education support initiatives for parents and families, these reports will help to inform your policy development and practical solutions. The Money and Pensions Service (MaPS) coordinates the UK Strategy for Financial Wellbeing by...

To help support the UK Strategy for Financial Wellbeing’s goal of two million more children and young people receiving a meaningful financial education by 2030, the Money and Pensions Service (MaPS) and UK Finance came together to map the current state of financial education delivery and reach across the UK. With the support of HM Treasury, the provision mapping work aims to build an...

A guide to increasing take up of the savings option on the Standard Financial Statement or its equivalent The Money and Pensions Service (MaPS) has developed behavioural science ‘nudges’ to encourage debt advice clients to save or continue saving during their debt plan. These nudges can be used by debt advisers when establishing or reviewing solutions. While not everyone’s...

The UK Strategy for Financial Wellbeing sets a national goal to ensure that 150,000 more children and young people growing up in Scotland receive a meaningful financial education by 2030. This guidance, endorsed by Scottish Government, aims to support both primary and secondary schools to play their part in achieving this goal. Developed for school leaders, subject leads...

In October 2020 the Challenge Chairs who advise the Money and Pensions Service on the UK Strategy for Financial Wellbeing released recommendations on ‘Building the UK’s financial wellbeing in the light of Covid-19’. To ensure that MaPS fully understood the financial wellbeing impact of Covid-19 across all of the UK, parallel processes of engagement were undertaken in Northern Ireland,...

Financial capability and debt advice have developed as two largely distinct areas of focus. However, by providing these services together there are opportunities to improve how clients respond to debt advice and build their financial capability. This report highlights the findings of research which tested different approaches to effective integrated advice delivery across channels at...

Rising numbers of people accessed guidance offered by Pension Wise in 2019/20, with a  23% increase in customers arranging appointments face to face and over the phone, and customers showing greater confidence in making pensions access decisions after using the service.     This report was updated on 24 February 2021 to amend the title and labels of the infographic on page 1 and...

This research was conducted by Ipsos MORI on behalf of the Money and Pensions Service, to understand how people think about and engage with their money, and how better financial behaviours can be supported. The report looks at the way in which people’s skills and knowledge, mindset and attitudes, and social identity interact to shape their behaviour. It goes on to highlight key...

Research conducted by the Behavioural Insights Team on behalf of the Money and Pensions Service (MaPS) tested two potential routes when customers asked their providers about access to their workplace savings, either offering to make a Pension Wise appointment for them or transferring them to a member of the Pension Wise booking team who could explain the offer and make an appointment. This...

Covid-19 has had, and will continue to have, a major impact on our lives and those of our customers. As an organisation we want to try and understand how people’s financial lives are changing, and might change in the future, so that we and our partners can respond in the best way. We have collated and analysed published data from the widest range of sources we could, to...

Evaluation of embedding Talk, Learn, Do in Wales

Financial education provision mapping 2019 – final report summary

Encouraging debt advice clients to save using behavioural science

Financial education guidance for primary and secondary schools in Scotland

Building the UK’s financial wellbeing in the light of Covid-19

Improving financial wellbeing through the debt advice journey

Pension Wise service evaluation 2019/2020

Using behavioural science to improve financial wellbeing in the UK

Pension Wise: the stronger nudge

Covid-19 impacts on financial wellbeing

Managing money in uncertain times